Shannon, Copying word for word other's work should not be done, but there are ni issues with with following general outlines as a business plan is in the public domain just as a resume would be.As you look at a business plan try to look at the overall topic or issue that is expressed and adopt it to your specific business.A pro forma statement for example is a financial statement that predicts future performance.

This is the one item that is hard to predict, but can ruin and dissolve a partnership quickly.

Thanks for the analysis and positive outlook though (other than your predicted collapse..?).

They will tell you a time (or range) and then some fat slob smoking a cigar will show up 30 or 40 minutes after that and act like it's no big deal.I predict that after these inspections start, you will all hate them.

The trouble with today's appraisal rules is you have no idea who you are going to get, you can't pay more to get an experienced one, and there is no way to predict whether they are going to be bad in your favor or the buyer's.As was previously mentioned, you should be targeting a cash buyer with this type of purchase.I think the best we've done on a deal like this was a $64K purchase that was resold in 2 weeks for $93K.

I am glad to hear you think I am predicting lower numbers that you probably would.

There is nothing wrong with taking the more traditional path with more easily predictable, if mediocre, results.

Granted when an apartment building is being built the lender and the developer are both taking a view about the likely rents in a months or years to come.The problem is you can not accurately predict the future.

After 15 years, you pay NO capital gains.One important drawback is if you do not earn the same amount of money the next year you won’t be able to deduct all you had predicted…If you think that your tax money is not well spent by your government, this is a great way to create value for the country with the rehab, save historical monuments and build equity.Talk to you laterPlaurent

But I can't predict markets.I just did a rehab on a 1000 sq ft, 2/2 near me.